On January $1,2022,$ Broker Corp. issued $$3,000,00010$ year bonds which pay interest each December $31.$ The annual coupon rate of the bonds is $12\%.$ The market rate of interest is $14\%$

What was the issue price of the bonds $($rounded$)?$

A$.$ $$2,687,023$

B$.$ $$2,843,172$

C$.$ $$3,000,000$

D$.$ $$3,339,084$

E$.$ None of the above

I recognize this question has been posted already, except whoever answered the question failed to provide any logic to their work and as this is part of a study guide, would like an extensive explanation on how to work through this problem, thanks!